Bond Resources tables results from Underground Drill Program at Historic Mary K Mine

March 28, 2022


Vancouver, British Columbia – Bond Resources Inc. (CSE: BJB) (the “Company” or “Bond”) is pleased to report that it expanded the underground drill program previously announced in November 2021 (refer to news release dated November 16th, 2021). The initial plan to drill 4 holes or 1,100 ft (335 metres) was expanded to 10 holes totalling 2,372.5 ft. (723 metres).

“After we received the initial results from the first few drill holes, we realized that drilling a nuggety gold vein would not provide consistent assays in every intercept,” commented Joseph A. Carrabba, President & CEO of Bond Resources. “We therefore increased the number of drill holes to confirm the location and delineate the size of the Mary K gold-bearing structure.  This will be paramount for planning future underground exploration workings.”

The holes were drilled from an underground drill station situated within an old crosscut on the 4225 level near a three-compartment raise. All 10 holes were drilled below the main 4225 ft level and intersected the Mary K vein/structure with a true width ranging from 6.5 ft. (1.98 metres) to over 12 ft. (3.65 metres). This work confirmed the Mary K vein structure over a strike length of 360 ft (109.7 metres) and 360 ft. (109.7 metres) in vertical extent.

The first holes focused on the area below the #5 level workings where previous owner Richard Kleesattle said he encountered “the apex of a rich ore shoot”.  The last workings driven by Kleesattle in 1942 were to about 23 ft (7 meters) below the #4 level.  He recorded assays ranging from 11 to 59 ounces per ton from this development.  These workings were developed but never mined.**

**While the Company believes the historical sampling data referred to is reliable, readers are cautioned that a qualified person has not completed sufficient work to be able to verify the historical information and therefore the information should not be relied upon.

Highlights from the most recent drill program are shown in the accompanying table.

Hole ID From (ft) To (ft) Interval (ft/m) Ounces per ton Grams per tonne
MK-25 107 112 5 1.52 0.031 1.06
MK-26 53 57.5 4.5 1.37 0.468 16.04
Including 55 56 1 0.30 2.052 70.35
MK27 97 98 1 0.30 0.168 5.75

Intervals listed above are not true width.

Post mineralized faulting was observed within the old workings where Bond chip samples returned values up to 1.082 oz per ton gold (37.09 g/t gold) (refer to news release dated October 21, 2021). This faulting was also present in the core and resulted in poor sample recovery in many of the holes.

Visible gold was observed in quartz drill cuttings in areas of poor core recovery. These areas appear to correspond to the post mineral fault system that cuts through the mineralized zone. Drilling will now be focused around the area of drill holes MK26 and MK27 to define a potential mineralized shoot as a target for bulk sample test-mining.  Assay results are pending.

The historical Mary K mine was shut down in 1942 and never re-opened. Historical records indicate that only 2,000 tons of mineralized gold material was mined with an average reported grade of 0.65 ounces per ton.

Sampling Methodology, Chain of Custody, Quality Control and Quality Assurance
All core sampling was conducted under the supervision of the Company's project geologists and the chain of custody from the mine to the sample preparation facility was continuously monitored. The samples were sent to the Winston Gold Mine on-site laboratory near Helena Montana.  There they were crushed, and a 1 kg split was pulverized to 100% passing 150 mesh.  The sample pulps were analyzed for gold using fire assay fusion and a 30 gram gravimetric finish.

Qualified Person
The scientific and technical content and interpretations contained in this news release have been reviewed, verified, and approved by Dr. Criss Capps PhD. P.Geol., an independent consultant to Bond Resources Inc.  Dr. Capps is a Qualified Person as defined in National Instrument 43-101 Standards of Disclosure for Mineral Projects.

About Bond Resources:  Bond is a mineral resource company that holds the contractual rights to acquire the Mary K mine in the Elk City mining district of Idaho.  The Company will focus on near-term production and rediscovery at the high-grade historic mine.  Led by industry veterans and located in the mining friendly jurisdiction of Idaho, USA, Bond Resources combines the technical expertise of industry experts and a transparent communications model to increase shareholder value.

Winston Gold Corp. and Bond can be considered as non-arm's length companies, in that they share certain common directors, officers and shareholders.

(sgd.) "Joseph A. Carrabba"
Joseph A. Carrabba, President & CEO

Telephone: 1-604-602-4935 Facsimile: 1-604-602-4936
Contact: Joseph Carrabba

The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release

This news release does not constitute an offer of sale of any of the Company's securities in the United States.  Our securities have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "1933 Act") or any applicable state securities laws and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulations under the 1933 Act) or persons in the United States absent registration or an applicable exemption from such registration requirements. This news release does not constitute an offer to sell or the solicitation of an offer to buy, nor will there be any sale of our securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release may include certain "forward-looking statements" under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to: future work to be carried on the Property; use of funds; and the business and operations of Bond. Forward-looking statements are necessarily based upon several estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. There is no assurance any of the forward-looking statements will be completed as described herein, or at all. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties; operating and technical difficulties in connection with mineral exploration and development activities, lack of investor interest in financing; requirements for additional capital; future prices of gold and precious metals; changes in general economic conditions; accidents, delays or the failure to receive board, shareholder or regulatory approvals, including the required permits; results of current exploration and testing; changes in laws, regulations and policies affecting mining operations; and title disputes. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking statements. Bond Resources disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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